Patterson Companies Inc (PDCO)
Return on equity (ROE)
| Apr 27, 2024 | Apr 29, 2023 | Apr 30, 2022 | Apr 24, 2021 | Apr 25, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 185,931 | 207,557 | 203,210 | 155,981 | -588,446 |
| Total stockholders’ equity | US$ in thousands | 1,001,140 | 1,117,540 | 1,041,680 | 963,216 | 834,117 |
| ROE | 18.57% | 18.57% | 19.51% | 16.19% | -70.55% |
April 27, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $185,931K ÷ $1,001,140K
= 18.57%
To analyze Patterson Companies Inc's return on equity (ROE) over the past five years, we observe a fluctuating trend. In April 2020, the ROE was notably negative at -70.55%, indicating a significant downturn in profitability. However, in the subsequent years, the company managed to improve its ROE performance.
From April 2020 to April 2022, there was a positive progression in ROE, with values of 16.19% in 2021 and 19.51% in 2022, showing an upward trend in profitability and efficiency in generating returns for shareholders. This could suggest improved financial management or operational performance during this period.
However, the ROE remained unchanged at 18.57% in both 2023 and 2024. While maintaining a stable ROE may indicate consistency in generating profits relative to shareholders' equity, it could also suggest limited growth or challenges in enhancing profitability beyond a certain threshold.
Overall, Patterson Companies Inc's ROE performance demonstrates a mix of volatility and improvement, highlighting the importance of sustained efforts to optimize profitability and efficiency to benefit shareholders over the long term.
Peer comparison
Apr 27, 2024